Novanta (NASDAQ:NOVT) Releases FY25 Earnings Guidance

Novanta (NASDAQ:NOVT) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.35-$3.55 for the period, compared to the consensus earnings per share estimate of $3.79. The company issued revenue guidance of $1.0 billion, compared to the consensus revenue estimate of $1.04 billion. Novanta also updated its FY 2025 guidance to 3.350-3.550 EPS.

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their price objective on Novanta from $175.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th.

Novanta Stock Down 1.6 %

NOVT opened at $138.30 on Tuesday. Novanta has a 12 month low of $138.15 and a 12 month high of $187.12. The business has a 50-day moving average of $149.48 and a two-hundred day moving average of $164.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.79 and a quick ratio of 1.81. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 82.81 and a beta of 1.28.

Novanta (NASDAQ:NOVT) last released its earnings results on Tuesday, February 25th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. The firm had revenue of $238.10 million during the quarter, compared to the consensus estimate of $240.29 million. Novanta had a net margin of 6.52% and a return on equity of 15.20%. Novanta’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, research analysts expect that Novanta will post 3.03 earnings per share for the current year.

Novanta Company Profile

Novanta, Inc engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products.